That is a decent estimate, but we really need a weighted average over most or all exchanges (we need to decentralize this critical function). The smaller volume sites won't have much impact on the weighted average right now, but implementing this now will allow a smooth transition as sites like TradeHill and Camp BX gain market share.

Wait, is the value reported on the front page of bitcoincharts.com and inhttp://bitcoincharts.com/t/weighted_prices.jsonthe indexed rate over all exchanges? If so, that guy is totally awesome, and i'm totally hitting him with a big tip.

This is a great development. But they should consider making it a light-weight client as soon as possible.

15MB is already ultra lightweight for a bitcoin client. If you want to have a real thin client use something like an instawallet client or a bitcoind remote control. both exists on android already.

15MB today, but if it intends to store the entire blockchain, as well as receive and propagate every transaction, how much resources will it be consuming in the near future? Bitcoin is growing exponentially.

Ok so I was messing around with this app and Bitcoin wallet, and trying to send coins back and forth just to test it. For the most part things worked well, except when I was a bit of an impatient dufus, and sent some btc back and forth within a block or two. The Bitcoin 1.0 app didn't see the transaction, even after a few blocks (and block explorer confirmed that it was put into an earlier block), so I sent the remaining BTC to my Instawallet, quit the app and used Titanium backup to restore the data to a previous time. I then opened it and tried to re-download the chain, but it's not showing the transaction (or the money sent out to Instawallet). So now it thinks it has more BTC than the address actually has. And I can't send out the amount I know it has because the transaction is invalid (since it tries to send too much back to itself).

So is there a way to have it re-scan the block chain? Or can I somehow get my private key for that address? Basically, is there any way to recover the btc for that address? I feel like there should be since the program obviously has to have the private key, but I'm not at ALL tech-savvy enough to know what to look for or how to go about the recovery...

Not TOO upset, since these were mined and I have plenty more, but, still, it's money lost So, PLEASE make the ability to back up a wallet to the SD card or computer a HIGH priority!

(p.s. reason I had 2 on there is because I was hoping to go shopping in NY for some food)

I had sent .01, another .01, and when these worked another .98 (a week ago today). The .98 never showed up so I tried sending the two small transactions out, but this didn't work either. I tried letting the app sit open without sleep mode over night to update, but it never worked. I backed up Bitcoin with Titanium Backup. I then uninstalled Bitcoin and THOUGHT I was clicking to open Titanium only to realize I clicked on it to uninstall it and I too have now lost my Bitcoin. I'm going through the whole process of downloading the blockchain again and hoping it works this time.

So the wallet data is stored in the cloud? So if I uninstall it that's all gone.I guess if you got a new phone or reset your phone, as long as you log in with your google account you should be able to retrieve said wallet?

So the wallet data is stored in the cloud? So if I uninstall it that's all gone.I guess if you got a new phone or reset your phone, as long as you log in with your google account you should be able to retrieve said wallet?

I would not trust it. My copy created a new wallet and overwrote the one in the cloud.

Use Titanium Backup, and copy the backup file from the SD card to your computer. That may require a rooted phone though.

So the wallet data is stored in the cloud? So if I uninstall it that's all gone.I guess if you got a new phone or reset your phone, as long as you log in with your google account you should be able to retrieve said wallet?

I would not trust it. My copy created a new wallet and overwrote the one in the cloud.

Use Titanium Backup, and copy the backup file from the SD card to your computer. That may require a rooted phone though.

Yeah, I'm not going to keep anything more than maybe $30 in BTC on it for sure.

Seems others are having issues downloading the blockchain too. Mine just seems to be downloading really slow and stopping/starting randomly. Currently at 14.619mb and slowly going up.

It's really early days for these mobile apps yet. Expect slowness, instability, bugs and losing of coins. All the issues reported in this thread are known and we'll implement solutions eventually. Until then accept that you're on the bleeding edge and from time to time, that means you'll bleed.